Form Pit-B - New Mexico Allocation And Apportionment Of Income Schedule

*30580300*

2003 PIT-B (Revised)

NEW MEXICO ALLOCATION AND APPORTIONMENT

OF INCOME SCHEDULE

This schedule must be completed by part-year residents and by resident and non-resident taxpayers who allocate and apportion income from both within

and outside the State of New Mexico. Please refer to instructions. Include the Schedule PIT-B with your Personal Income Tax Return, Form PIT-1.

YOUR SOCIAL SECURITY NUMBER

Print your name (first, middle, last)

SPOUSE'S SOCIAL SECURITY NUMBER

Print your spouse's name (first, middle, last)

For part-year resident taxpayers, enter the period of residency:

From _________________, 03 through ________________, 03.

Attach a schedule if more than one period of residency applies.

NOTE: R

1, 2, 3

ESIDENT TAXPAYERS MUST ALLOCATE ALL INCOME AND DEDUCTIONS ON LINES

AND

IN FULL TO

EXICO

Column 1- Total Federal Income

Column 2 - New Mexico Income

ALLOCATION OF NONBUSINESS INCOME

0 0

1. Wages, salaries, tips, etc. ......................................... 1

(NEW: If nonresident military personnel, see revised

PIT-B instructions.)

2. Interest and dividends (Including municipal bond

0 0

income from line 13 of Schedule PIT-ADJ) ................ 2

3. Pensions, annuities, Social Security and lump-sum

0 0

distributions ................................................................ 3

0 0

4. Rents and royalties .................................................... 4

5. Gains or losses from the sale or exchange

0 0

of property ................................................................. 5

6. Income or losses from pass-through entities ............ 6

0 0

7. All other income (Not included in lines 1 - 6

0 0

and lines 8 and 9) ....................................................... 7

8. Net operating loss carryforward

(See PIT-B instructions) ............................................. 8

0 0

APPORTIONMENT OF BUSINESS INCOME (If no business income, go to line 10.)

9. Business and farm income.

0 0

(Complete worksheet on page 2; see instructions.) . 9

10. ADD lines 1 - 9 and enter the amount here ............. 10

0 0

11. Federal adjustments to income: For column 1 enter

figure from line 33, federal Form 1040 or line 20,

1040A. For column 2 see PIT-B instructions ........... 11

0 0

12. Total income (Line 10 minus line 11); column 1 must

be equal to or greater than Federal Adjusted

0 0

Gross Income (Line 5, Form PIT-1.) ................. 12

(NEW: If nonresident military personnel, see revised PIT-B instructions.)

13. DIVIDE amount on line 12, column 2 by amount on line 12, column 1. Compute to 3 decimal places.

(Cannot be less than zero. If greater than 1 enter 1.000.) ........................................................................................................ 13

14. Using the Tax Rate Tables, find the tax applicable to line 11, Form PIT-1. If an amount is shown on

0 0

line 13, Form PIT-1, add this amount to the tax and enter the result here. ....................................... 14

0 0

15. MULTIPLY line 13 by line 14. Enter the amount here and on line 12 of Form PIT-1 .......................... 15

Form Pit-B - New Mexico Allocation And Apportionment Of Income Schedule - 2003

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